Here are the 3 most heavily traded ASX 200 shares on Wednesday

The S&P/ASX 200 Index (ASX: XJO) is having another great trading session so far today. After the shakiness we saw yesterday, the ASX 200 has gained 0.29% at the time of writing to just under 7,500 points. 

So let’s dive deeper into today’s pleasing performance by taking a look at the ASX 200 shares that are currently topping the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Core Lithium Ltd (ASX: CXO)

Our first chip off the block today is ASX 200 lithium stock Core Lithium. So far this Wednesday, a sizeable 12.2 million Core shares have been traded on the share market.

There’s been no new news out of Core today. As such, we can probably put this high volume down to the gyrations we have seen with this company’s share price.

After a relatively strong start this morning, Core Lithium shares have nosedived as the afternoon has progressed. The company is now down by a nasty 2.16% at $1.135 a share after going as high as $1.20 soon after open. It’s this volatility and sizeable share price fall that we can probably blame for this high volume.

Telstra Group Ltd (ASX: TLS)

ASX 200 telco Telstra is our next share worth a look this Wednesday. A notable 13.62 million Telstra shares have been called in for trading at the time of writing. There’s been no fresh news out of Telstra either. So the telco’s elevated volumes are again a probable consequence of the company’s share price movements themselves.

Unlike Core Lithium, the Telstra share price has gone from strength to strength today. The company opened at $4.09 a share this morning and has risen by 1.96% at present to $4.16 apiece. This continues the company’s good run of late, with Telstra now up 5.2% in 2023 to date.

Sayona Mining Ltd (ASX: SYA)

Our final and most traded ASX 200 share for today is another ASX 200 lithium stock in Sayona Mining. Sayona is in a league of its own today, with a hefty 29.9 million shares finding their way across the ASX to a new home so far this session.

Sayona did release its quarterly activities report for the December quarter last night after market close. As we covered earlier this afternoon, Sayona told investors that the production timeline of its North America Lithium project has accelerated.

Investors reacted positively to this news this morning, sending Sayona up more than 7% at one point. However, the market seems to have gotten cold feet, and Sayona is back down to the 26 cents it started the day at. This bouncing around has probably been the cause of so many shares flying around.

The post Here are the 3 most heavily traded ASX 200 shares on Wednesday appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has positions in Telstra Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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